Geode Capital Management LLC Sells 93,410 Shares of SSR Mining Inc. (NASDAQ:SSRM)

Geode Capital Management LLC lowered its position in shares of SSR Mining Inc. (NASDAQ:SSRM - Free Report) TSE: SSO by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,640,347 shares of the basic materials company's stock after selling 93,410 shares during the period. Geode Capital Management LLC owned approximately 1.30% of SSR Mining worth $15,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. raised its position in SSR Mining by 45.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 8,228,572 shares of the basic materials company's stock worth $37,124,000 after buying an additional 2,587,212 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of SSR Mining by 16.2% during the third quarter. Two Sigma Advisers LP now owns 3,320,384 shares of the basic materials company's stock valued at $18,860,000 after purchasing an additional 462,000 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of SSR Mining by 3.8% during the third quarter. National Bank of Canada FI now owns 2,737,848 shares of the basic materials company's stock valued at $15,551,000 after purchasing an additional 100,946 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in SSR Mining by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,327,251 shares of the basic materials company's stock valued at $7,542,000 after purchasing an additional 75,563 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in SSR Mining by 111.3% in the second quarter. Acadian Asset Management LLC now owns 1,209,763 shares of the basic materials company's stock worth $5,440,000 after purchasing an additional 637,161 shares during the last quarter. Institutional investors own 68.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SSRM shares. StockNews.com raised SSR Mining from a "sell" rating to a "hold" rating in a report on Friday, December 13th. UBS Group increased their target price on SSR Mining from $6.30 to $6.80 and gave the company a "buy" rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $5.18.

SSR Mining Price Performance

Shares of SSRM traded down $0.20 during midday trading on Monday, hitting $6.86. 3,005,510 shares of the company traded hands, compared to its average volume of 3,378,759. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -2.87, a PEG ratio of 1.23 and a beta of 0.69. The firm has a 50 day moving average of $6.34 and a 200-day moving average of $5.63. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.97 and a current ratio of 3.91. SSR Mining Inc. has a 52 week low of $3.76 and a 52 week high of $10.81.

SSR Mining Profile

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.